motley fool

Can't max out your IRA by the end of 2022?  Here's why you don't have to worry

Can’t max out your IRA by the end of 2022? Here’s why you don’t have to worry

(Maurie Backman) When it comes to retirement savings, IRAs are a mixed bag. On the plus side, they usually come with more investment options than you’ll find in a 401(k) plan. For example, with IRAs, you can invest in individual stocks, whereas 401(k) plans generally don’t let you do that. But picking stocks by hand …

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There's Bad News About the Big Social Security Rise of 2023

There’s Bad News About the Big Social Security Rise of 2023

(Christy Biber) Social Security retirees will get a huge increase in benefits in 2023. Their monthly checks will increase by 8.7%. This increase in benefits is the largest annual increase in pension payments in the past four decades. Seniors may be delighted to see their payments increase so much. But there’s some really bad news …

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On social security and the return to work?  Prepare for that unwanted surprise

On social security and the return to work? Prepare for that unwanted surprise

(Maurie Backman) If you’re a retiree struggling to make ends meet in the face of inflation, you’re definitely in good company. The cost of living has skyrocketed over the past year and although inflation is showing signs of easing, much progress still needs to be made before people see any noticeable relief. You might especially …

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Can you really retire with Social Security alone?

Can you really retire with Social Security alone?

(Katie Brockman) According to a recent survey by The Motley Fool, about 40% of retired Americans say they are “completely” dependent on Social Security in retirement. Many workers are also heading into retirement expecting to rely heavily on Social Security. In fact, about a quarter of workers say their benefits will be their main source …

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3 Ways Saving for Retirement Could Help Your Finances Today

3 Ways Saving for Retirement Could Help Your Finances Today

(Kailey Hagen) Saving for retirement is generally considered a form of deferred gratification. You choose not to spend some of your money now in exchange for more money when you retire. But that’s too simplistic a way of looking at it. Although you won’t realize the full benefits of saving for retirement until you withdraw …

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Are term funds good for your retirement?  Yes and no.

Are term funds good for your retirement? Yes and no.

(Adam Levy) Target date funds are a common choice for employees in their 401(k) and other retirement accounts. The set-it-and-forget-it approach makes investment decisions simple and removes the need for any portfolio management. Everything is done for you. Although they are a very common choice among retirement savers, they are not always the best choice. …

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